BEST Stock: Stonetrust Commercial Insurance Receives Credit Rating Upgrade to A (Excellent)
- AM Best upgraded Stonetrust’s credit rating from A– to A, reflecting its strong financial performance and stability.
- The upgrade signifies Stonetrust’s operational excellence and positions it for future growth opportunities in new markets.
- Stonetrust emphasizes a "profitability first" strategy to maintain robust financial health and enhance service offerings.
Stonetrust Commercial Insurance Achieves Significant Credit Rating Upgrade
In a notable development for the insurance sector, AM Best has upgraded Stonetrust Commercial Insurance Company's Financial Strength and Credit Ratings from A– (Excellent) to A (Excellent). This upgrade, announced on August 25, 2025, highlights Stonetrust's solid balance sheet and operational performance, particularly its track record of five consecutive years of positive income across all business sectors. The Baton Rouge-based insurer serves over 5,000 policyholders across Louisiana and eleven additional states in the Midwest and Southeast, underlining its regional significance and reliability in providing workers' compensation insurance.
Stonetrust's President, Michael G. Dileo, expresses enthusiasm regarding the rating upgrade, viewing it as a testament to the dedication and effort of the entire team. He notes that this achievement is particularly meaningful given the company’s recent attainment of the A– rating just a year prior. Dileo emphasizes the company's "profitability first" strategy, which focuses on sustainable growth and operational excellence, ensuring that Stonetrust can maintain its robust financial health while enhancing its service offerings. The upgrade not only reflects the company's past performance but also positions Stonetrust favorably for future expansion endeavors.
As part of its growth strategy, Stonetrust plans to broaden its reach by entering the North and South Carolina markets later this year. This expansion is bolstered by strong partnerships with agency partners that enhance its product offerings. Stonetrust specializes in statutory workers' compensation and employers' liability insurance, catering to a diverse range of industries, including construction, wholesale, retail, and manufacturing. As the company aims to strengthen its market presence, the upgraded credit rating serves as a strategic advantage in attracting new clients and partners.
In addition to the credit rating upgrade, Stonetrust’s commitment to customer service remains a focal point of its business strategy. The firm is dedicated to enhancing its client relationships while navigating the complexities of the insurance landscape. Interested parties can contact Joseph McCormick, Vice President of Sales & Marketing, for further details on Stonetrust’s offerings and expansion plans.
With a clear trajectory for growth and a strong financial foundation, Stonetrust Commercial Insurance is poised to capitalize on new opportunities while remaining focused on the needs of its clients across the regions it serves.
